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House Prices in GU31

The average house price in GU31 (Petersfield) is £985,000 using HM Land Registry data.

The average property price increased by £238,857 (32.76%) over the last 5 years and increased by £47,750 (4.73%) over the last 12 months.

Over the last year, there were 105 residential property sales – a decrease of 59 transactions (-56.19%) relative to the previous year. The majority of house sales (31) were in the £330,000 - £494,000 range. Then came properties in the £494,000 - £658,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,108 (-1%).

In June 2024, there were 26 new estate agency instructions, 28 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in GU31 (Petersfield)

32.76%

Property prices in Petersfield increased by 32.76% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GU31 (Petersfield) Over the Last Year

4.73%

Property prices in Petersfield increased by 4.73% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GU31 (Petersfield) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GU31 (Petersfield)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GU31 (Petersfield)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GU31 (Petersfield)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GU31 (Petersfield) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GU31 postcode area since 1995.

Recent Sales in GU31 (Petersfield)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
10 The Hop Garden, South Harting, Petersfield, West Sussex, GU31 5QL	£400,000	£395,000	-£5,000	30 Oct 2023	02 May 2024	185 Days
18 Heatherfield, Buriton, Petersfield, Hampshire, GU31 5RY	£597,000	£590,000	-£7,000	28 Nov 2023	26 Apr 2024	150 Days
4 Furze Meadow, Nyewood, Petersfield, West Sussex, GU31 5JB	£475,000	£427,500	-£47,500	29 Aug 2023	21 Mar 2024	205 Days
24 Kennet Road, Petersfield, Hampshire, GU31 4LS	£445,000	£445,000	£00	19 Oct 2023	27 Feb 2024	131 Days
59 Moggs Mead, Petersfield, Hampshire, GU31 4PY	£465,000	£465,000	£00	06 Sep 2023	19 Feb 2024	166 Days
7a, Great Hanger, Petersfield, Hampshire, GU31 4QF	£750,000	£750,000	£00	03 Nov 2023	07 Feb 2024	96 Days
15 Collingwood Way, Petersfield, Hampshire, GU31 4QJ	£595,000	£595,000	£00	03 Oct 2023	31 Jan 2024	120 Days
6 Crafts Lane, Petersfield, Hampshire, GU31 4QQ	£650,000	£650,000	£00	03 Oct 2023	31 Jan 2024	120 Days
20 Harting Down, Petersfield, Hampshire, GU31 4PG	£375,000	£365,000	-£10,000	25 Sep 2023	05 Jan 2024	102 Days
50 Torberry Drive, Petersfield, Hampshire, GU31 4HP	£380,000	£377,500	-£2,500	12 Oct 2023	19 Dec 2023	68 Days
6 Stour Close, Petersfield, Hampshire, GU31 4LU	£425,000	£408,000	-£17,000	04 Sep 2023	13 Dec 2023	100 Days
Flat 17, Heath Court, Sussex Road, Petersfield, Hampshire, GU31 4LF	£340,000	£335,000	-£5,000	22 Aug 2023	11 Dec 2023	111 Days
23 Sussex Gardens, Petersfield, Hampshire, GU31 4JY	£465,000	£425,000	-£40,000	04 Aug 2023	07 Dec 2023	125 Days
55 Culvers, South Harting, Petersfield, West Sussex, GU31 5LE	£500,000	£470,000	-£30,000	18 Jul 2023	06 Dec 2023	141 Days
27 Dragon Street, Petersfield, Hampshire, GU31 4JN	£950,000	£920,000	-£30,000	23 May 2023	01 Dec 2023	192 Days
10 Sandy Close, Petersfield, Hampshire, GU31 4HF	£399,950	£395,000	-£4,950	13 Jul 2023	24 Nov 2023	134 Days
56 Rival Moor Road, Petersfield, Hampshire, GU31 4HD	£220,000	£204,000	-£16,000	08 Jun 2023	17 Nov 2023	162 Days
9 Grenehurst Way, Petersfield, Hampshire, GU31 4AZ	£875,000	£800,000	-£75,000	29 Jun 2023	14 Nov 2023	138 Days
38 Collingwood Way, Petersfield, Hampshire, GU31 4QJ	£375,000	£367,500	-£7,500	17 Mar 2023	25 Sep 2023	192 Days
24 Herne Road, Petersfield, Hampshire, GU31 4DP	£550,000	£550,000	£00	15 Jun 2023	18 Sep 2023	95 Days

Most Expensive Streets in GU31 (Petersfield)

Postcode	Street	Area	Average	No. of Sales
GU31 4EJ	Heath Road	Petersfield	£2,876,666	3
GU31 5LU	East Harting	Petersfield	£1,623,333	3
GU31 4BU	Love Lane	Petersfield	£1,572,187	8
GU31 4JE	Heath Road	Petersfield	£1,365,000	3
GU31 5DD	Fyning Lane, Rogate	Petersfield	£1,217,250	4
GU31 4LB	Sussex Road	Petersfield	£1,133,200	5
GU31 5HG	North Street, Rogate	Petersfield	£1,060,833	3
GU31 5JT	Mill Lane, Trotton	Petersfield	£1,029,166	3
GU31 4BZ	Pulens Lane	Petersfield	£968,333	3
GU31 4DG	Heathfield Road	Petersfield	£914,200	5

Least Expensive Streets in GU31 (Petersfield)

Postcode	Street	Area	Average	No. of Sales
GU31 4SP	Ray Close	Petersfield	£168,750	4
GU31 4JU	Chartergrove, The Avenue	Petersfield	£206,701	3
GU31 4HD	Rival Moor Road	Petersfield	£260,283	6
GU31 4JH	The Maltings	Petersfield	£265,000	3
GU31 4AP	Ramshill	Petersfield	£286,000	3
GU31 4HE	Heather Road	Petersfield	£288,333	3
GU31 4RE	Stonechat Close	Petersfield	£289,400	5
GU31 4NY	Lower Wardown	Petersfield	£292,500	4
GU31 4ET	Clare Gardens	Petersfield	£296,833	6
GU31 4HZ	Thorn Close	Petersfield	£301,733	6